https://www.taxtmi.com/caselaws?id=456949 The HC dismissed the Revenue's appeal, affirming the ITAT's decision that the reassessment order was void ab initio due to parallel assessment proceedings. The court held that the second notice issued on March 31, 2015, was unsustainable as it violated the limitation period under section 153(2) of the Income-tax Act. The questions of law were resolved in favor of the assessee, with no costs awarded. en-us Tue, 24 Jan 2023 00:00:00 +0530 Thu, 29 Aug 2024 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456949 The HC dismissed the Revenue's appeal, affirming the ITAT's decision that the reassessment order was void ab initio due to parallel assessment proceedings. The court held that the second notice issued on March 31, 2015, was unsustainable as it violated the limitation period under section 153(2) of the Income-tax Act. The questions of law were resolved in favor of the assessee, with no costs awarded. Case-Laws Income Tax Tue, 24 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456949